QQQ vs SPTE
Invesco QQQ Trust, Series 1 vs SP Funds S&P Global Technology ETF
Quick Verdict
QQQ has a lower expense ratio. SPTE delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | SPTE | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.55% | |
| AUM | $496.3B | $235M | |
| Dividend Yield | 0.44% | 0.75% | |
| Holdings | 108 | 106 | |
| YTD Return | +16.64% | +31.39% | |
| 1Y Return | +27.27% | +51.43% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 22.3% | |
| Max Drawdown | -83.0% | -25.6% | |
| Fund Family | Invesco (US) | SP Funds | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Nov 30, 2023 |
QQQ vs SPTE Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and SP Funds S&P Global Technology ETF (SPTE) is a ETF from SP Funds. Over the past year QQQ returned +27.27% while SPTE returned +51.43%. Year to date, QQQ is up 16.64% versus a gain of 31.39% for SPTE.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 22.3% for SPTE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -83.0% for QQQ and -25.6% for SPTE. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPTE charges 0.55%. On a $10,000 position that is $18 vs $55 annually, a gap of $37 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.75% for SPTE.
Holdings Overlap
QQQ and SPTE share 31 holdings out of 174 unique holdings combined, representing a 40.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or SPTE?
QQQ has an expense ratio of 0.18% while SPTE charges 0.55%. QQQ is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, QQQ or SPTE?
Over the past year QQQ returned +27.27% vs +51.43% for SPTE, so SPTE leads on 1-year performance. Over the longest common window we track (3 years), QQQ annualized +13.03% vs +37.07% for SPTE. Past performance does not guarantee future results.
Which is riskier, QQQ or SPTE?
QQQ has been the more volatile fund at 30.6% annualized versus 22.3% for SPTE. Worst drawdown: QQQ -83.0% vs SPTE -25.6%.
Should I hold both QQQ and SPTE?
QQQ and SPTE have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between QQQ and SPTE?
QQQ and SPTE share 31 common holdings with a 40.8% weight overlap. Combined, they hold 174 unique securities.
Which pays a higher dividend, QQQ or SPTE?
QQQ yields 0.44% while SPTE yields 0.75%, so SPTE currently pays the higher dividend yield.
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